✉news BusinessCrypto first seen 13 d ago, last 13 d ago, peak #23
Coinbase Stock Hits Two-Year Low As Bitcoin Slides Below $77K
Original: COIN Stock Sinks To Over 2-Year Low As Bitcoin Sinks Below $77K, Wall Street Cuts Price Targets
Coinbase shares fell to their lowest level in more than two years as Bitcoin dropped below $77,000, dragging crypto-exposed stocks down with it. Wall Street analysts responded by cutting their price targets on the brokerage, reflecting reduced expectations for trading volumes and revenue while digital asset prices remain under pressure.
Why now: Investors are reacting to the sharp Bitcoin sell-off and its knock-on effects on crypto-linked equities and analyst forecasts.
Evidence
- COIN Stock Sinks To Over 2-Year Low As Bitcoin Sinks Below $77K, Wall Street Cuts Price Targets · Yahoo Finance
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